#emini #spfutures #SP500 #ES
Copper is in a move up. Gold and Silver should have a few days of an upmove but against weekly down pressures.
Crude Oil is near a new long entry. Natural Gas is also near a new long entry.
The 30 year Treasury Bond is expecting some retracement up for a few days.
The US Dollar futures are at the end of the retracement move down. expect retracement or consolidation.
S&P 500 Futures_
Monthly – In the move up. Trade pressures are up. Volumes closed the month of September as bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.
Weekly – In the move up from the 2942 new long entry. Trade pressures are rising out of the neutral zone. Volumes are bullish. The next target up is 3048. A close below 2901 would confirm any daily move lower.
Daily – Flat. In the move up from the 2913 Oct 4th long entry. Trade pressures are up but turning down. Volumes are bullish. The next target up is 3008. A close below 2951 would signal lower. With the weekly pressures still up, the expectation is that any move down is a correction within the uptrend until 2951 is breached.
Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved up this week slightly to approximately $115,000, or up about 15 percent for the year-to-date which is still trailing the major averages.
[The author may have long or short positions in any of the securities mentioned.]